Summary Remitly is positioned to become the global leader in cross-border digital remittances, gaining market share from traditional players. The shift from cash-to-cash remittances to digital transactions provides a significant tailwind for Remitly's growth.

Remitly: X-Border Digital Remittance Winner

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Remitly Global Inc shares valued at $402,438 were sold by Yoakum Rene on Oct 16. At $26.83 per share, Yoakum Rene sold 15,000 shares.

RELY’s short interest surges to 4.91 million shares

According to the World Bank, total global remittances to low- and middle-income countries will reach $656 billion in 2023. This category of financial support exceeds foreign direct investment and development assistance grants in scale, and serves as a ...

The 'de-risking' trend is harming countries that rely on remittances

Remitly Global Inc (NASDAQ: RELY)’s stock price has soared by 1.80 in relation to previous closing price of 26.69. Nevertheless, the company has seen a gain of 0.11% in its stock price over the last five trading days.

Remitly Global Inc (RELY) Shares Soar Above 1-Year High

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“If a company is losing money on each sale, growth will only exacerbate the problem, leading to financial instability and potential collapse,” notes Pankaj Sharma, the executive vice president of Global Remittance Business Management at Remitly Global ...

Tech start ups have it all – except high profits

In a filing, Remitly Global Inc revealed its EVP, Customer and Culture Yoakum Rene unloaded Company’s shares for reported $0.4 million on Oct 16. In the deal valued at $26.83 per share,15,000 shares were sold. As a result of this transaction, Yoakum Rene now holds 42,994 shares worth roughly $1.13 million.

Insider Selling Buzz: Remitly Global Inc [RELY] EVP, Customer and Culture Yoakum Rene sold 15,000 shares of the company

Mastercard (NYSE: MA) and Remitly Global announced they’ve joined forces to expand access to cross-border payments and remittances.

Mastercard, Remitly to Expand Cross-Border Payments Solutions

Want an edge in trading? Follow the Big Money. What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors. You see, fund ...

Remitly Global: Relentless Inflows Send Shares Soaring

Remitly Global

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In recent years, the introduction of modern technology has powered the rate at which our lives became globalised. Inventions that we now take for granted, such as the commercial airliner, have changed the way we see the world; bringing distant communities closer together. The arrival of the mobile phone, for example, has changed the way we communicate, dismissing distance as an obstruction. These technologies, and many more, have spurred the development of a truly global community. Borders have become more open as people from all backgrounds are free to relocate to practically anywhere. While many industries have evolved quickly in order to assist globalisation, a fundamental industry has remained outdated, and it’s a big one.

The $582bn Industry Thriving on Hidden Fees

We see new app ideas every single day. Our users are brilliant, talented, and very creative (not that we’re biased or anything!) and over the <a href="https://blog.proto.io/were-turning-6/" target="_blank">past six years</a>, we’ve seen a wide variety of apps come through our doors. Some of the best are relatively simple — they solve a problem, fulfill a need, or enhance an experience. Some are made for fun, while others are meant to serve a higher purpose, at times even ignoring revenue potential.

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Note: the following is a transcription of my interview with Matt Odell from Rabit Hole Recap and Neil Woodfine from Blockstream. I use Rev.com from translations and they remove ums, errs and half sentences. I have reviewed the transcription but if you find any mistakes, please feel free to <a href="http://hello@whatbitcoindid.com" target="_blank">email me</a>. You can <a href="https://www.whatbitcoindid.com/podcast/matt-odell-and-neil-woodfine-on-what-they-would-like-to-see-for-bitcoin-in-2019" target="_blank">listen to the original recording here</a>.

Matt Odell and Neil Woodfine on What They Would Like to See for Bitcoin in 2019

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

REMITLY GLOBAL

remitly.com

employees

Since 2011

COMPANY RANKING

REMITLY GLOBAL

EVERGREEN INDEX #170

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REMITLY GLOBAL

remitly.com

employees

Since 2011

COMPANY RANKING

REMITLY GLOBAL

EVERGREEN INDEX #170

RELATED COMPANIESRANK

HACKERNOON STORIES ON REMITLY GLOBAL

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